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If I indicate that a pension distribution is subject to the early distribution tax, will Form 5329 be produced?

April 26, 2017distribution early form indicate Pension produced Subject tax

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If I indicate that a pension distribution is subject to the early distribution tax, will Form 5329 be produced?

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No. We will calculate the 10% penalty, but we will not produce the form. Most of the time, Form 5329 is not required to be completed. You can verify this by referencing the code that is in Box 7 of your Form 1099-R with the instructions on the back of the 1099-R.